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a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure. we're going to stop taxing jobs and we're going to help companies large and small start here, stay here and grow right here. and we need to protect existing jobs at the same time we spur job creation. in our consensus measure we'll generate new revenue for housing, for economic development and critical infrastructure like our roads and muni, investments that will help our workers and our businesses. and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund
a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure....
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we are looking at approximately 5 to 7 companies that are applying for the payroll tax exclusion this year, twitter being a big one. [speaker not understood] lane, zoosk, and i can't remember any of the others off the top of my head. but i know that the cac members have been engaging with executives at twitter at 1 king's lane. i'm p sure they are with the process of the negotiating with the city's administrator. they have increased meetings from once a month to twice a month to accommodate, you know -- we expect a flurry of companies that are going to be applying. and the cbas have to be signed by january 31st. so, it's going to be kind of a busy time of year. but as far as i know, you know, i don't have the latest up to date information, but i don't think any other companies have officially applied for the payroll tax exclusion. i might be wrong on that, but we are looking at about 5 to 7 that will apply. that's basically all i had. do you have any questions? >> no further questions. it would be great to get the lists of the companies that you think would be applying this year. i al
we are looking at approximately 5 to 7 companies that are applying for the payroll tax exclusion this year, twitter being a big one. [speaker not understood] lane, zoosk, and i can't remember any of the others off the top of my head. but i know that the cac members have been engaging with executives at twitter at 1 king's lane. i'm p sure they are with the process of the negotiating with the city's administrator. they have increased meetings from once a month to twice a month to accommodate,...
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the port must opt into the special tax district, however the special taxes are secured by the tenant's leasehold interest. >> port in return would pay its prorated share of the special taxes which is approximately 35 percent, and that was derived by the amount of space that the port occupies as compared to the project over all. which are estimated to be approximately $100,000 annually. >> the sublease agreement, between the port and prologis provides for the reimbursement of the taxes leveed against the tenants especially to reduce the operating expenses. >> the project sponsor through the controls and the project sponsor is over here aaron blinkly and cordova is the director and johnson is represent as well. they have prepared extensive models on the energy safe ands their estimates through the sustain able improvements will be approximately $100,000 annually. so that equates to the cost of the special tax assessment. and so that is in the first year. the projections, however, take into account energy inflation, if you will, energy cost inflation, which they have run a very modest pro
the port must opt into the special tax district, however the special taxes are secured by the tenant's leasehold interest. >> port in return would pay its prorated share of the special taxes which is approximately 35 percent, and that was derived by the amount of space that the port occupies as compared to the project over all. which are estimated to be approximately $100,000 annually. >> the sublease agreement, between the port and prologis provides for the reimbursement of the...
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it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to serve a declining student population. they might close some of the new campuses they've opened recently and consolidate facilities. >> thank you. do you want to offer comments to starchild's opposition? >> i think the, one of the primary things we need to remember is that city college of san francisco, which is an institution that san francisco really counts on, i think, for both our economy and for all of the community, has been operating under duress for a number of years. we can and we will make the smart reforms, we alre
it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to...
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when with you were debating the twitter payroll tax break, there was a lot of discussion about that. and there are obviously some good things that came out of that. it's generating new jobs in the city, but you heard the downside that creates more pressure, especially the south of market and tenderloin markets in rents. also noted at the time puts pressure in two ways, one student housing and the other hotelization. thank you to supervisor [wao*-eufrpb/]'s leadership and your support. we did deal with the student housing problem a few weeks ago and today you have an opportunity to vote to end hotelization problem that has been bothering the city since the law passed in 1981. i think some of you already have this, but it's a bay citizen article and what is interesting about it is how it speaks to the economics of this. what it talks about is a woman, i don't give her name, but she goes to the landlord with a business proposition, i will give up a rental if you rent it and gave me 10% and the landlord says and at $225 a night when was a $2100 a month apartment is now $6700 a month hote
when with you were debating the twitter payroll tax break, there was a lot of discussion about that. and there are obviously some good things that came out of that. it's generating new jobs in the city, but you heard the downside that creates more pressure, especially the south of market and tenderloin markets in rents. also noted at the time puts pressure in two ways, one student housing and the other hotelization. thank you to supervisor [wao*-eufrpb/]'s leadership and your support. we did...
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you can't put it on the property tax rule. they do that because they understand the department's need, certain powers, there has to be balance and equity among certain groups. i guess the water department is able to put this on the property tax role too. without getting into details because i know my time is limited. there's a lot of things i'm uncovering. this just seemed quite unfair. it tilts the balance of fairness away from the property owners who are semi-innocent in this situation. >> your point is clear and we will take a look at that and get a report back. >> should i have -- i have the stuff you sent. would there be any help in me submitting this or no? >> yes, if you could give that to todd. >> okay. all right. thank you very much, appreciate your time. >> is there an appeal process for these kinds of issues? >> we do have todd, the assistant general services c.f.o. this is a commercial account as i recall it. so it goes through the standard procedure, and we are on a bimonthly billing cycle. we have a delinquency n
you can't put it on the property tax rule. they do that because they understand the department's need, certain powers, there has to be balance and equity among certain groups. i guess the water department is able to put this on the property tax role too. without getting into details because i know my time is limited. there's a lot of things i'm uncovering. this just seemed quite unfair. it tilts the balance of fairness away from the property owners who are semi-innocent in this situation....
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something to trade i want, typically owners don't sell their property because they will pay a large tax on the gain. one of the ways we structured the deal to help make the sale occur, because he did not want to sell the property, was by offering him some trade properties as an alternative to paying the taxes. that kind of sped up the whole process to allow him to consider the sale. ultimately he did trade in mot one of prologis's property but another. the timing is essential, where you have to have the cash up-front to do it. prologis picks up a lot of non-refundable moneys, ready to close on a five-day period. they brought the property all-cash, $21 million. >> thank you. thank you. are there other members of the publics who wish to speak on item number six? >> just a comment on mr. rosen's comment about east bay or other areas, one of the main revenue sources is the car division. to move to the east bay, whether it be oakland, hayward, san lorenzo, to have towed vehicles back and forth over the bay bridge or peninsula would decimate their ability to make any money. >> thank you. any
something to trade i want, typically owners don't sell their property because they will pay a large tax on the gain. one of the ways we structured the deal to help make the sale occur, because he did not want to sell the property, was by offering him some trade properties as an alternative to paying the taxes. that kind of sped up the whole process to allow him to consider the sale. ultimately he did trade in mot one of prologis's property but another. the timing is essential, where you have to...
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and in particular, the financing districts and the ability to capture tax increment. and to actually put those tools in the play is going to involve working closely with a city's budget and finance department. and departments such as the controller office and the staff such as the public utilities commission. and we believe that with the port staff, already assigned, and the new implementation team that has been described here and also with the direction on the direction of... also the workforce development will be able to address the challenges that we will face in those areas and others. >> the orton group we are working on a term sheet to bring that to you hopefully at your next commission meeting. forest city as i described earlier is doing a lot of due diligence working with the community. and in november, or december, we are really excited about the fact that they will be bringing that to you for the public presentation and start that review process and lastly as david indicated, we are moving forward with the plans for the first phase of cranko park. we are dow
and in particular, the financing districts and the ability to capture tax increment. and to actually put those tools in the play is going to involve working closely with a city's budget and finance department. and departments such as the controller office and the staff such as the public utilities commission. and we believe that with the port staff, already assigned, and the new implementation team that has been described here and also with the direction on the direction of... also the...
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our hotels are required to pay a hotel tax. and yet we know there are thousands of folks who are being rented to in situations similar to that hotel context. that don't have to pay any fair share of the cost that our city has to spend to deal with the 16 million tourists that come in every year. so that is another conversation that i think we need to have as well. as you can imagine, these are complicated issues, which is why it's taking me a little bit of time both to convene stakeholders and draft legislation, but i hope in the coming weeks and months that we'll have a proposal that we can all start talking about more publicly. >> thank you, president chiu. supervisor wiener? >> thank you. and i want to thank president chiu for his and his staff's hard work on this. i know there was a lot of dialogue and negotiation and i really appreciate that effort. i will be supporting the legislation today. i did initially have a concern with the original form of the legislation around the enforcement mechanisms and what that might end u
our hotels are required to pay a hotel tax. and yet we know there are thousands of folks who are being rented to in situations similar to that hotel context. that don't have to pay any fair share of the cost that our city has to spend to deal with the 16 million tourists that come in every year. so that is another conversation that i think we need to have as well. as you can imagine, these are complicated issues, which is why it's taking me a little bit of time both to convene stakeholders and...
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would support it, that the building department can go after these crooks who are avoiding the hotel tax and avoiding all of the planning laws and this ordinance? so i would urge that even be stronger and that there be enough fines and fees that you can have inspectors and enforcement that would have a lot of teeth in it. currently i don't see that in this ordinance strong enough. so i am again a landlord and i completely support this. thank you. >> next speaker. >> good afternoon supervisors, terry frye. i sent this to you. i emailed this to you this morning, but i would like to read it outloud here and i forget to send it to you supervisor chiu, but i will when i get home. dear supervisors converting rentals into short-term rentals is unconscionable. i see no permits for the work in my piggly-wiggly. how can they completely remodel an apartment, including replacing kitchen and bathroom fixtures without permits? this is absolutely depleting the rental stock in san francisco and with these the store term rentals there will be less people voting in my district, as they will not be incline
would support it, that the building department can go after these crooks who are avoiding the hotel tax and avoiding all of the planning laws and this ordinance? so i would urge that even be stronger and that there be enough fines and fees that you can have inspectors and enforcement that would have a lot of teeth in it. currently i don't see that in this ordinance strong enough. so i am again a landlord and i completely support this. thank you. >> next speaker. >> good afternoon...
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and he thinks we need them, and certainly is true and he thinks they would pay taxes and build communities. also, professor silbani from stanford thinks that they will -- are we under two minutes, too? oh, well, i just want to call your attention to dr. kiones and his crossing the border and becoming a brain surgeon that saved people's lives at johns hopkins university. and those are my long range goals. language access and easing legalization. immediately, i hope we have to make the community more accessible and welcome the immigrants and not afraid to talk about the important issues. and i'll give you copies of the things i'm leaving out. >> thank you, commissioner haile. next we have haregu gaime. >>> thank you, chair kim and supervisors. my name is haregu gaime and i'm an immigrant in the united states who lives in san francisco now. i've been on the commission for two years now. and for the most part in the last two years i feel [speaker not understood]. commissioner haile worked here prior to me, spoke of all the work that's being done. and i feel like we're leading up to what this c
and he thinks we need them, and certainly is true and he thinks they would pay taxes and build communities. also, professor silbani from stanford thinks that they will -- are we under two minutes, too? oh, well, i just want to call your attention to dr. kiones and his crossing the border and becoming a brain surgeon that saved people's lives at johns hopkins university. and those are my long range goals. language access and easing legalization. immediately, i hope we have to make the community...
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we list the tax increment bonds, the specific sources of funds. we recommend you approve the resolution. >> thank you. are there members of the publics who wish to speak on item three? seeing none th, is closed. colleagues, can we send this forward with recommendation. so moved. thank you. item four, please. >> resolution authorizing the san francisco public utilities commission general manager enter into a long-term interconnection with pacific gas & electric for solar power project on alvarado elementary pursuant to san francisco charter 918b. >> this is by supervisor wiener who wanted to speak but in his place is andre powers to speak on his behalf. >> good afternoon, supervisors. this allows the san francisco puc enter agreement with pg&e, first alert project that's already been installed at alvarado elementary, a resolution authorizing that installation came before the board earlier in the year. essentially this would allow for these solar panels to be turned on. john doyle from the puc is here if you have any questions. thank you. >> thank y
we list the tax increment bonds, the specific sources of funds. we recommend you approve the resolution. >> thank you. are there members of the publics who wish to speak on item three? seeing none th, is closed. colleagues, can we send this forward with recommendation. so moved. thank you. item four, please. >> resolution authorizing the san francisco public utilities commission general manager enter into a long-term interconnection with pacific gas & electric for solar power...
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metropolitan transportation authority in the board office where metro r which is their third sales tax that provides transportation revenue for transit projects and they're looking to accelerate those projects currently with a new bond measure this upcoming year. i worked with a lot of the directors that compiled a lot of those different projects. and my first transportation job was actually as a high cooler at muni in the service planning department. so, i have a lot of transportation expertise. i work with student government on city college of san francisco and i also just have an immense desire to see a lot more transportation improvements in the balboa park corridor. i have a great relationship with john avalos, supervisor avalos and i continue to work with trustee issues. that is the bulk of where a lot of riders are. we need a light rail [speaker not understood]. the second highest transportation [inaudible] outside of downtown. so, that's why i submit my application for seats 1, 2, 3 or 4. i think i'm eligible for all four of those. thank you. >> thank you, mr. walker. >>> good
metropolitan transportation authority in the board office where metro r which is their third sales tax that provides transportation revenue for transit projects and they're looking to accelerate those projects currently with a new bond measure this upcoming year. i worked with a lot of the directors that compiled a lot of those different projects. and my first transportation job was actually as a high cooler at muni in the service planning department. so, i have a lot of transportation...
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recommendations is they report back to the board on this report that they are doing for the real estate and tax facilities vision for the 21st century report. and also that the sfmta, if they decided they need improvements, which probably they will, as we understand it, that they would pay for that up front. of course that will be another budget expense rather than paying exorbitant interest rates of 9% to 10%. so overall we consider approval of the proposed resolution as recommended by the two recommendations to be a policy matter by the board of supervisors. we would be happy to respond to any questions. >> thank you, mr. rose. supervisor campos. >> thank you very much, madam chair. i want to thank the transportation director for the city for his presentation, as well as his staff for the work on this item and our budget and legislative analyst and his staff. i have a great deal of respect for mr. risken and ms. bows. i appreciate a lot of the work they are trying to do to address some of the issues that have been raised over the years about the mta. so the questions i have are not about them
recommendations is they report back to the board on this report that they are doing for the real estate and tax facilities vision for the 21st century report. and also that the sfmta, if they decided they need improvements, which probably they will, as we understand it, that they would pay for that up front. of course that will be another budget expense rather than paying exorbitant interest rates of 9% to 10%. so overall we consider approval of the proposed resolution as recommended by the two...